Private Equity Firm Lee Equity Partners Formed Solaris Health in Fort Lauderdale to Own and Manage Urology Practices
The company was established to bring together New York-based Integrated Medical Professionals (IMP) and Cincinnati-based the Urology Group (TUG), which have more than 150 providers in their urology practices. They practice at more than 60 sites in New York, Ohio, Kentucky and Indiana and see more than 525,000 patients a year.
Solaris Health aims to build a national platform by acquiring other urology practices. Located at 501 East Las Olas Blvd., Suite 310, the company currently has seven employees and is led by CEO Dr. Eric Mason.
He was previously the president of the South Region for Sunrise-based Mednax (NYSE: MD), which owns medical practice groups.
“This transaction is a game-changer in the field of urology,” Mason said.. “It provides independent physicians access to market leading resources and technology and empowers them to set new standards in providing high quality, cost-effective patient care.”
Demand is expected to increase for urology services as the population of seniors increases.
New York-based Lee Equity Partners has $2.4 billion in assets under management and focuses on middle-market companies.